Post by Sapphire Capital on Jul 17, 2008 22:50:56 GMT 4

Dubai, UAE - July 15, 2008: A leading UAE company has picked up a top industry award celebrating international achievement in Islamic finance.

Thani Investments LLC received the award for 'Best Sukuk Structure by a Private Corporate Issuer' at the recent 2008 London Sukuk Summit.

Thani Investments became one of the first privately owned companies in the GCC to issue a sukuk when it closed its US$100 million Musharaka Sukuk last October.

David Richards (CBE), Chairman of Aston Martin, presented the award to Thani Investments’ CEO, Rishard Camball, during a gala dinner at the prestigious Royal Horseguards Hotel in Whitehall.

Commenting on the award, Abdulla Saeed Al Thani, Chairman of Thani Investments, which has diverse business interests spanning oil and gas, mining and real estate, said: "Thani's debut sukuk was a bold step for a private company, but one that has set an example for the Islamic finance industry to follow. We're delighted to receive further international recognition at such a respected awards ceremony along with many of the region’s largest business and financial institutions."

The 2008 London Sukuk Summit was endorsed by the UK Treasury, UK Trade and Investment, City of London Corporation, and the London Stock Exchange.

Saudi Arabian Basic Industries Corporation (Sabic) sponsored the awards dinner, which recognized achievement in a total of 13 industry categories.

Thani Investments' issue of US$100 million in sukuk-al-musharaka certificates was subscribed to by leading regional banks and international financial institutions. Emirates Islamic Bank of the UAE and Liquidity Management Center, Bahrain served as Joint Lead Mandated Arrangers.

Established more than 25 years ago, Thani Investments has built a large international portfolio of companies under the guidance of its chairman, Abdulla Saeed Al Thani, with assets in North Africa and the Arabian Peninsula. The group has more than 600 employees.

General information only, this is no legal or financial advice or legal opinion and no solicitation or offering of services. Use of posted information should be contingent on your counsel advise on a case by case basis.

General information only, this is no legal or financial advice or legal opinion and no solicitation or offering of services. Use of posted information should be contingent on your counsel advise on a case by case basis.